Question

What i found challenging whole number!!!​

Answer 1

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★ Explanation ★

1. Adding to the difficulty of learning rational number arithmetic are its complex relations to whole number arithmetic. For fractions, when denominators are equal, numerators are added or subtracted as if they were whole numbers, but the common denominator is maintained unchanged (3/5 + 4/5 = 7/5).

Answer 2

Answer:

A savings association pays 1.5% interest quarterly. What is the effective annual interest rate?

2. A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and interest is compounded monthly. How much money must be deposited to yield P500.00 at the end of 11 months?

3. A. 40-year old consulting engineer wants to set up a retirement fund to be used starting at age 65. P20,000.00 is invested now at 6% compounded annually. Approximately how much money will be in the fund at retirement?

4. A bank offers 0.5% effective monthly interest. What is the effective annual rate with monthly compounding?

5. When will an investment of P4,000.00 double if the effective rate is 8% per